Knorr-Bremse AG (0KBI) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and a warm welcome to Knob Ramsey's Q2 2025 earnings call. At this time, all participants have been placed on a listen-only mode, and the floor will be open for questions following the presentation. Let me now turn the floor over to your host, Andreas Pitzauer, Head of Investor Relations. Thank you, Operator. Good afternoon as well as good morning, ladies and gentlemen. I hope all of you are very fine. My name is Andreas Pitzauer, Head of Investor Relations. I want to welcome you to Knorr-Bremse's presentation for the second quarter results of 2025. Today, Marcus De Beyer, our CEO, and Frank Weber, our CFO, will present the results of Knorr-Bremse, followed by a Q&A session. The conference call will be recorded and is available on our homepage, www.knorr-bremse.com, in the Investor Relations section. It is now my pleasure to hand over to you, Marcus De Beyer, the coordinator. Many thanks, Andreas. Ladies and gentlemen, welcome to our capital market call for the second quarter 25 results. Let's start with the key takeaways for today on page two. Now, Bramble continues to be in good shape. Yes, we do. The billions and sin in execution and challenging times continue to be the keystones of our house. I would like to highlight our very strong aftermarket business. Once again, 47% of our total revenues which helps to counterbalance economic volatility and protects our profitability. Our strong market positions globally and our diversified revenue mix also support our results now and hopefully going forward. The ad continues to be very strong. With an average margin of 16.5, more to come in the past quarter, our rail division has already achieved its target margin for 2026, 18 months earlier than originally planned. We are proud to have...